Change Coming For Idaho Seed Buyers

Starting January 1^st, all licensed Idaho seed buyers withholding or deducting Seed Indemnity Fund assessments from purchase payments or contract settlement payments to Idaho seed producers will stop such withholdings. As of October 31^st, SIF had a balance of $11.7 million, and that balance is expected to nearly reach the statutory maximum amount of $12 million by year’s end. Licensed seed buyers will need to continue filing quarterly indemnity fund reports and species reports on a quarterly basis to report total gross dollars in purchases or contract settlements with Idaho seed producers.

Any purchase payments and final contract settlements made on or before December 31, 2021, will remain subject to SIF assessments and reporting requirements. Questions or requests for additional information may be directed to Kyle Wilmot, Warehouse Control Bureau Chief, or to Casey Thompson, Warehouse Control Ag Investigator.

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